20
May
12:08
Bearish sentiment is looming over China's scrap market, with mills reducing scrap consumption and electric arc furnace mills opting for overhauls. Complicated logistics and regional variations, however, have meant limited import opportunities have opened up.
On Friday, Kallanish assessed 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,784/tonne ($567/t), including VAT. This is CNY 14/t lower from Thur…
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